Sanjiv Bhasin warns of a potential sharp correction in the stock market due to rising borrowing costs and uncontrolled inflation. He highlights Anil Agarwal s plans for the steel business demerger and discusses the challenges faced by Kotak Bank with online KYC regulations. He also says KV Manian s resignation from Kotak Bank will get absorbed by the market. There are enough good people within Kotak Bank to take that mantle.
Sanjiv Bhasin emphasizes power stock picks, including RattanIndia. In auto sector, he would focus on Maruti and Ashok Leyland. PSU banks performance assessed. Cement sector potential highlighted. Concor is singled out as a dark horse in the railway stock segment. He also says that UltraTech, Ambuja are two cement stocks which should be in the portfolio.
Bhasin advises caution in markets due to potential US data impact and advises profit-taking. Ranks private banks and emphasizes PSU stocks for performance. Prefers BHEL, Ircon, LTIM, HCL Tech, and Wipro for investment. Bhasin says: "The faint-hearted or the larger-term retail should keep their SIPs going but take some money off the table whenever there is leverage."
Sanjiv Bhasin discusses Kotak Bank s resilience, Bajaj Finance s challenges, and the impact of competition on their performance. Future guidance and return on equity will be crucial indicators to watch in the evolving market dynamics. Bhasin says: "RBI move overall, may not have a major impact on the earnings or the long-term visibility."
Sanjiv Bhasin shares expert insights on stock market trends, emphasizing potential winners like ICICI, Axis, IDFC First Bank, and Aditya Birla Fashion & Retail Ltd. He discusses Voda Idea s transformation, private bank strategies, and pharmaceutical majors promising outlook.